Real Estate Adventures

It's Time to Buy or Refi !

Mortgage rates are falling faster than a rock dropping from a roof. The Federal Reserve announced an emergency 75 basis point lowering of the discount rate and more recently another 50 basis point reduction at a regularly scheduled Feb. 2008 meeting. Moves apparently designed to address global economic market concerns as much as our much closer to home economic problem. This of course means lower interest rates on mortgage loans and it sets the stage for you and I to take advantage of the opportunity to buy now or refinance our mortgages at more affordable rates and great terms.

Before the announcement by the Fed, mortgage rates were already lower than they'd been for several years. Rates will drop even further over the next couple of weeks.

For example a key mortgage index is the LIBOR. This rate which is tied to many ARM products is 2.82% on Feb 10, 2008. Down almost 3 points over the past year and it has dropped over a full point in the past 30 days. 

Mortgages like our 5/1 ARM is fixed at 5.75% for 5 years.

Now is the time to get in on low mortgage rates. Applying for a mortgage and floating the rate (rather than locking in) while rates continue to fall can be the wisest thing you'll do this year.
 
GES Real Estate and Loans, inc.have outstanding mortgage loan programs available right now :

- 5/1 ARM 5.75% as of Feb 11, 2008

- Full documentation
- Stated income and Asset
- Hard Equity Loans
- Primary Residence
- Second Home
- Investor 
- Good Credit or Not

Whatever your situation, we can help with your refinance or with your purchase. Mortgage rates and terms haven't been this attractive for years. Apply for yours today and relax with a new low rate mortgage.

For a more detailed look at our available mortgage programs and rates click here.

Call or email me directly for more information on any of my Real Estate or Mortgage programs.